Stem, Inc. (NYSE:STEM) Receives $1.11 Consensus Target Price from Analysts

Stem, Inc. (NYSE:STEM - Get Free Report) has been given an average rating of "Hold" by the nine research firms that are covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $1.11.

Several equities analysts have weighed in on the company. BMO Capital Markets reduced their price objective on Stem from $0.50 to $0.40 and set a "market perform" rating for the company in a report on Wednesday, March 5th. Roth Mkm increased their price target on Stem from $0.35 to $0.40 and gave the stock a "neutral" rating in a research note on Wednesday, March 5th. UBS Group restated a "neutral" rating on shares of Stem in a research note on Monday, April 14th. Finally, Susquehanna increased their target price on shares of Stem from $0.40 to $0.60 and gave the stock a "neutral" rating in a research report on Thursday.

Stem Stock Down 4.1 %

STEM stock traded down $0.02 during midday trading on Tuesday, hitting $0.52. The company's stock had a trading volume of 6,109,030 shares, compared to its average volume of 7,488,679. Stem has a 1 year low of $0.29 and a 1 year high of $1.68. The stock has a market cap of $84.54 million, a price-to-earnings ratio of -0.10 and a beta of 1.52. The stock's 50-day moving average price is $0.40 and its 200 day moving average price is $0.49.

Stem (NYSE:STEM - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.15) earnings per share for the quarter, topping analysts' consensus estimates of ($0.20) by $0.05. Stem had a negative net margin of 328.11% and a negative return on equity of 275.79%. The company had revenue of $32.51 million for the quarter, compared to the consensus estimate of $28.59 million. As a group, equities analysts forecast that Stem will post -0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in Stem during the fourth quarter valued at $480,000. Collar Capital Management LLC purchased a new stake in shares of Stem in the 4th quarter valued at about $223,000. Canada Pension Plan Investment Board bought a new stake in shares of Stem during the 4th quarter valued at about $203,000. Deutsche Bank AG grew its holdings in shares of Stem by 102.9% during the fourth quarter. Deutsche Bank AG now owns 622,731 shares of the company's stock worth $374,000 after purchasing an additional 315,823 shares in the last quarter. Finally, XTX Topco Ltd increased its position in shares of Stem by 403.4% in the fourth quarter. XTX Topco Ltd now owns 286,690 shares of the company's stock worth $173,000 after purchasing an additional 229,738 shares during the last quarter. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

About Stem

Stem, Inc operates as a digitally connected, intelligent, and renewable energy storage network provider worldwide. The company offers energy storage hardware sourced from original equipment manufacturers (OEMs); edge hardware to aid in the collection of site data and real-time operation and control of the site and other optional equipment; and Athena, a software platform, which offers battery hardware and software-enabled services to operate the energy storage systems.